Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 21, 2026 is estimated to be $190 Million, with a cash option of 89.1 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Sat Feb 21, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 21, 2026	$190,000,000	$89,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$89,100,000
Federal Tax(24%)	$21,384,000
Additional Federal Tax	$11,543,330
State Tax(5%)	$4,455,000
Net Lumpsum Payment	$51,717,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$142,985	$1,698,289
2	$3,002,760	-$1,071,352 -$150,138	$1,781,270
3	$3,152,860	-$1,126,889 -$157,643	$1,868,328
4	$3,310,560	-$1,185,238 -$165,528	$1,959,794
5	$3,476,050	-$1,246,469 -$173,803	$2,055,778
6	$3,649,900	-$1,310,793 -$182,495	$2,156,612
7	$3,832,300	-$1,378,281 -$191,615	$2,262,404
8	$4,024,010	-$1,449,214 -$201,201	$2,373,595
9	$4,225,220	-$1,523,662 -$211,261	$2,490,297
10	$4,436,500	-$1,601,835 -$221,825	$2,612,840
11	$4,658,230	-$1,683,875 -$232,912	$2,741,443
12	$4,891,170	-$1,770,063 -$244,559	$2,876,548
13	$5,135,700	-$1,860,539 -$256,785	$3,018,376
14	$5,392,580	-$1,955,585 -$269,629	$3,167,366
15	$5,662,190	-$2,055,341 -$283,110	$3,323,739
16	$5,945,290	-$2,160,088 -$297,265	$3,487,937
17	$6,242,450	-$2,270,037 -$312,123	$3,660,290
18	$6,554,620	-$2,385,540 -$327,731	$3,841,349
19	$6,882,370	-$2,506,807 -$344,119	$4,031,444
20	$7,226,460	-$2,634,121 -$361,323	$4,231,016
21	$7,587,840	-$2,767,831 -$379,392	$4,440,617
22	$7,967,270	-$2,908,220 -$398,364	$4,660,686
23	$8,365,510	-$3,055,569 -$418,276	$4,891,665
24	$8,783,890	-$3,210,370 -$439,195	$5,134,325
25	$9,222,980	-$3,372,833 -$461,149	$5,388,998
26	$9,684,300	-$3,543,521 -$484,215	$5,656,564
27	$10,168,420	-$3,722,646 -$508,421	$5,937,353
28	$10,676,860	-$3,910,769 -$533,843	$6,232,248
29	$11,210,760	-$4,108,312 -$560,538	$6,541,910
30	$11,771,260	-$4,315,697 -$588,563	$6,867,000